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One paycheck away' from homelessness: housing inequality fuels U.S. protests
“The violence that is taking the lives of black people ... is the same violence that is evicting us, locking us out of shelter, strangling us with rent.”
Source: Reuters
Date: June 3, 2020
[AUDIO] 'It's like a nightmare': Options dwindle for renters facing economic distress
As one of the country's worst economic and health crises in history deepens, rent is due again for millions of people who are struggling to make ends meet.
Source: NPR
Date: June 1, 2020
Bell Partners closes on nearly $1B value-add multifamily fund
Multifamily investor and management company Bell Partners has closed its latest fund, Bell Apartment Fund VII, at $950 million in equity commitments. The value-add vehicle now has roughly $2.5 billion in buying power with leverage.
Source: Commercial Observer
Date: June 3, 2020
REBNY joins call for u-turn on affordable housing cuts
de Blasio’s executive budget calls to slash the capital budget by 40 percent, for a total of $581 million in 2020 and $457 million in 2021. REBNY is urging a reversal on this plan. The decline in affordable housing production would result in the loss of 21,000 units.
Source: Real Estate Weekly
Date: June 1, 2020
The LIHTC market weathers COVID-19 pressures
Despite taking some hits, experts expect the market for low-income housing tax credits and affordable housing properties to hold up in the face of COVID-19.
Source: NREI Online
Date: June 1, 2020
S.F. sees ‘unprecedented’ drop in rent prices
After years of people bemoaning San Francisco's skyrocketing rent prices, a new report finds that prices are plummeting in San Francisco and the Silicon Valley. Will it last?
Source: Curbed
Date: June 02, 2020
“Not just lip service:” Real estate promises change following George Floyd’s death
Long criticized for its lack of diversity, industry reflects on how to address long-term problems that led to crisis.
Source: The Real Deal
Date: June 2, 2020
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